A study conducted by two researchers, Guillermo Suarez-Tangil and Sergio Pastrana, have shared that the privacy-based coin, Monero are most popular among the criminals and mined almost 4.32% of the total Monero. They explain, “Common yet effective approach is to use legitimate infrastructure such as Dropbox or GitHub to host the droppers, and stock mining tools.”
A billionaire’s wife based in Norway has been kidnapped, and have demanded to receive $10 million worth of Monero as ransom. The wife of one of the richest men in Norway, Anne-Elisabeth have reportedly has been missing since October 2018. The incident has raised the concerns among government official regarding the use of cryptocurrency for illicit activities.
A private auction has been organized in Northern Ireland which features the sale of seized monero coins(XMR), the auction comes in 10 lots which each have a market value of around £670 (US$850). These include 167 Monero Classic, 167 Monero Original, 167 Monero O, and 1670 Monero V. This is good answer to ever-increasing problem of seized cryptocurrencies.
The merchandise store of a well-known video game Fortnite, Retail have announced that Monero (XMR) is now accepted as a payment option. And also supports the cryptocurrency payment service, GloBee which allows the retailers to accept a variety of cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC) and Ripple (XRP) but the merchant only supports XMR for time being.
MoneroBlocks.info has recently revealed that 90% of Monero’s block reward have been mined. Moneropedia explained, “Miners need an incentive to mine. Because of the dynamic blocksize, competition between miners will cause fees to decrease. If mining is not profitable due to a high cost and low reward, miners lose their incentive and will stop mining, reducing the security of the network.”
The bitcoin and crypto service company that also extends ATM services, Bity, has announced the addition of Monero to its ATM network. The users would be able to purchase the crypto in all its ATMs. Recently, the crypto ‘Ether’ (ETH) was also added to the network. The users would be able to buy BTC, ETH, and XMR with CHF or EUR.
Ledger has recently announced in its official Twitter account the addition of privacy-based cryptocurrency to its Ledger platform which is compatible with the latest Monero GUI wallet. The technology adopted by the Ledger wallet permits the users to isolate their private key from the internet which keeps their account safe from the hackers.
The OKEx has suspended the deposits of Monero and both the deposits and withdrawals of Cardano from its platform. It is reasoned that the suspension of Monero is due to wallet upgrade by the exchange while is Cardano is upgraded by the client. The users would be able to deposit Cardano which will get credited to the account on completion of the upgrade.
An announcement has been made by Kraken that it has recently decided to reduce the withdrawal fees for Monero (XMR) which will benefit the cryptocurrency users. The exchanges such as Bittrex, Binance, and Poloniex have also reduced the transaction fees of Monero. Though the crypto has witnessed a downward trend in the market, the crypto has maintained stability in the sector.
The NiemanLab under the journalism standards organization Nieman Foundation is seeking if a blockchain company like Honeycomb could support crypto mining and donate them to news organizations. The users would be able to mine Monero in mobile phones through Honeycomb and donate the income to the news publishers. The blockchain company is on the lookout for publishers to join the platform.